Board approves Q2 and H1 FY27 results; remuneration revision cleared, subject to member approval
Board approved unaudited standalone Q2 and H1 FY27 results, reviewed by the auditor.
By ScoutQuest · · 2 min read
- Q2 Revenue from Operations
- ₹29,860.47 lakh
- Q2 Profit for the Period
- ₹991.15 lakh
- H1 Revenue from Operations
- ₹60,813.98 lakh
Quarter at a glance
- Revenue from operations was ₹29,860.47 lakh for the quarter ended September 30, 2026, against ₹22,244.41 lakh in the same quarter of the previous year.
- Total income was ₹30,095.37 lakh and total expenses ₹28,774.19 lakh.
- Profit before tax was ₹1,321.18 lakh; profit for the period was ₹991.15 lakh, against ₹1,013.96 lakh a year earlier.
- Basic and diluted earnings per share were ₹2.97 each, against ₹3.59 each.
Half year and balance sheet
- Revenue from operations was ₹60,813.98 lakh (previous year ₹40,489.83 lakh); profit for the period ₹1,942.75 lakh (₹1,706.38 lakh).
- Total equity was ₹38,318.75 lakh as at September 30, 2026, which includes paid-up equity share capital of ₹3,340.05 lakh.
- Total assets were ₹61,154.12 lakh. Borrowings stood at ₹1,291.34 lakh non-current and ₹8,934.92 lakh current.
Accounting changes that affect comparison
- Depreciation on Property, Plant & Equipment was changed from the Written Down Value method to the Straight-Line Method in the quarter ended June 30, 2026. That quarter's depreciation came down from about ₹303.82 lakh to ₹132.88 lakh, lifting profit before tax by about ₹170.94 lakh.
- Store lease and amenity agreements were modified to include a fixed lock-in period and now qualify for recognition under Ind AS 116. For the quarter ended September 30, 2026 this brought depreciation of ₹300.34 lakh, finance cost of ₹67.17 lakh and a reversal of rent and service charges of ₹335.42 lakh. The company states the figures for the quarter and period ended September 30, 2025 are not comparable to the extent of these impacts.
Remuneration revision
- The Board considered and approved a revision in remuneration for the Chairman and Managing Director, the Whole-time Director, the CEO, the COO (also a Key Managerial Person) and the General Manager, Retail (Senior Management Personnel).
- It takes effect from September 1, 2026 and is subject to members' approval.
Use of issue proceeds
- Net proceeds of the public issue were ₹189.19 Crore, and with ₹15 Crore from the Pre-IPO placement the aggregate net proceeds were ₹204.19 Crore.
- Repayment/prepayment of borrowings: Rs.59.00 allocated and Rs.59.00 utilised.
- Working capital requirements: Rs.115.00 allocated and Rs.115.00 utilised.
- General corporate purposes: Rs.30.19 allocated and Rs.21.92 utilised.
- The company reported no deviation or variation in the use of funds raised.
Auditor view and cash flow
- Kanu Doshi Associates LLP, the statutory auditor, issued a limited review report stating nothing had come to its attention suggesting the statement contained a material misstatement.
- Net cash from operating activities was ₹3,101.14 lakh for the half year, against a negative ₹8,606.82 lakh a year earlier.
- Cash and cash equivalents at the end of the period were ₹383.77 lakh.
What this means for a reader
This is a routine quarterly update. Revenue and half-year profit are higher than the year-ago period, while the Q2 profit figure is slightly lower, with two accounting changes (depreciation method and lease recognition) affecting how the numbers compare. The remuneration revision for the top team still needs shareholder approval.
Also from Patel Retail
Patel Retail Ltd press release, Q2 FY27
4 Nov 2026
ICRA final monitoring report for Q2 FY2027: no material deviation in IPO proceeds use
4 Nov 2026
Standalone results for the September 30, 2026
4 Nov 2026
More numbers
- Revenue from operations, Q2 FY2729,860.47 (₹ in lakhs)
- Total income, Q2 FY2730,095.37 (₹ in lakhs)
- Profit for the period, Q2 FY27991.15 (₹ in lakhs)
- Revenue from operations, Q2 FY2622,244.41 (₹ in lakhs)
- Profit for the period, Q2 FY261,013.96 (₹ in lakhs)
- Revenue from operations, H1 FY2760,813.98 (₹ in lakhs)
- Profit for the period, H1 FY271,942.75 (₹ in lakhs)
- Basic EPS, Q2 FY272.97
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